State and Trends of the Carbon Market 2011
After five consecutive years of robust growth, the total value of the global carbon market stalled at $142 billion. Suffering from the lack of post-2012 regulatory clarity, the value of the primary Clean Development Mechanism (CDM) market fell by double-digits for the third year in a row, ending low...
| Main Authors: | , , |
|---|---|
| Format: | Working Paper |
| Language: | en_US |
| Published: |
World Bank, Washington, DC
2013
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/13400 |
| id |
okr-10986-13400 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
en_US |
| topic |
abatement acid adaptation activities Air Allocation Allowance allowance prices allowance trading amount of emissions annual emission annual emissions anthropogenic emission atmosphere auction business as usual scenario cap and trade systems CARB Carbon carbon assets Carbon Capture carbon content Carbon Credit Carbon Dioxide Carbon Dioxide Equivalent carbon economy carbon exchanges Carbon Finance carbon funds carbon Investment carbon leakage Carbon Market Carbon Market Analyst carbon market development carbon markets carbon offsets Carbon Price carbon sinks carbon tax carbon taxes carbon transactions Carbon Units Carbon_Market carbon_price Certified Emission Reduction Certified Emission Reductions CH4 Clean Air Clean Air Act Clean Development Clean Development Mechanism clean energy Climate Climate Action Climate Change climate change impact Climate Change Levy Climate Change Policies Climate Exchange climate legislation climate policy Co CO2 Coal Coal Mine colors combating climate change conservation of forests convergence cropland management Debt developed countries Dioxide Carbon DNA domestic emissions domestic offsets Ecosystem electricity electricity generation electricity sector Emission emission allowances emission levels emission limitation Emission Reduction emission reduction commitments emission reduction programs Emission Reduction Project Emission Reduction Purchase Agreement emission reduction target emission reduction targets Emission Reduction Unit Emission Reduction Units Emission Reductions emission standards emission targets emission trading emission] allowances Emissions emissions from aviation Emissions from Deforestation emissions intensity emissions reduction emissions reductions Energy Efficiency energy efficiency measures energy policies Energy Savings energy security environmental environmental benefits Environmental Improvement environmental integrity Environmental Protection Expenditures financial flows Financial Instruments financial support Forest forest carbon forest cover Forest Degradation Forestry forestry operations forestry projects Framework Convention on Climate Change Free allocation freeze fuels GHG global carbon market global emission global emissions Global Warming Greenhouse Greenhouse Gas greenhouse gas emission greenhouse gas emission reduction greenhouse gas emissions Greenhouse Gas Reduction greenhouse gas reduction target Greenhouse Gases Hydrochlorofluorocarbon impacts of climate change international carbon market international climate change regime International Credits international offsets investment decisions Land Management Land Use Land Use Change Landfill Landfill Gas Low-carbon market mechanism Market Prices Methane Mitigation Actions Monetary Fund N2O National Climate Change Policy national forestry natural gas negative impacts Nitrous Oxide NOX nuclear energy ODS offset credits Offset Prices oil oxides ozone particulates pastures Perfluorocarbon policy makers Pollution Pollution Reduction portfolio power generation power sector PP Present Value price floor Reducing Emissions regional emissions Regional Greenhouse Gas Initiative Renewable Energy renewable energy sources scenarios Secondary Markets Securities SF6 SO2 Soil Carbon Streams Sulfur sulfur dioxide Sulfur Hexafluoride surface temperature sustainable development sustainable forest sustainable forest management total cap total emissions total greenhouse total greenhouse gas trade system trading programs transaction costs transport sector UNEP urban forestry Voluntary Emissions Wind Wind Power WMO |
| spellingShingle |
abatement acid adaptation activities Air Allocation Allowance allowance prices allowance trading amount of emissions annual emission annual emissions anthropogenic emission atmosphere auction business as usual scenario cap and trade systems CARB Carbon carbon assets Carbon Capture carbon content Carbon Credit Carbon Dioxide Carbon Dioxide Equivalent carbon economy carbon exchanges Carbon Finance carbon funds carbon Investment carbon leakage Carbon Market Carbon Market Analyst carbon market development carbon markets carbon offsets Carbon Price carbon sinks carbon tax carbon taxes carbon transactions Carbon Units Carbon_Market carbon_price Certified Emission Reduction Certified Emission Reductions CH4 Clean Air Clean Air Act Clean Development Clean Development Mechanism clean energy Climate Climate Action Climate Change climate change impact Climate Change Levy Climate Change Policies Climate Exchange climate legislation climate policy Co CO2 Coal Coal Mine colors combating climate change conservation of forests convergence cropland management Debt developed countries Dioxide Carbon DNA domestic emissions domestic offsets Ecosystem electricity electricity generation electricity sector Emission emission allowances emission levels emission limitation Emission Reduction emission reduction commitments emission reduction programs Emission Reduction Project Emission Reduction Purchase Agreement emission reduction target emission reduction targets Emission Reduction Unit Emission Reduction Units Emission Reductions emission standards emission targets emission trading emission] allowances Emissions emissions from aviation Emissions from Deforestation emissions intensity emissions reduction emissions reductions Energy Efficiency energy efficiency measures energy policies Energy Savings energy security environmental environmental benefits Environmental Improvement environmental integrity Environmental Protection Expenditures financial flows Financial Instruments financial support Forest forest carbon forest cover Forest Degradation Forestry forestry operations forestry projects Framework Convention on Climate Change Free allocation freeze fuels GHG global carbon market global emission global emissions Global Warming Greenhouse Greenhouse Gas greenhouse gas emission greenhouse gas emission reduction greenhouse gas emissions Greenhouse Gas Reduction greenhouse gas reduction target Greenhouse Gases Hydrochlorofluorocarbon impacts of climate change international carbon market international climate change regime International Credits international offsets investment decisions Land Management Land Use Land Use Change Landfill Landfill Gas Low-carbon market mechanism Market Prices Methane Mitigation Actions Monetary Fund N2O National Climate Change Policy national forestry natural gas negative impacts Nitrous Oxide NOX nuclear energy ODS offset credits Offset Prices oil oxides ozone particulates pastures Perfluorocarbon policy makers Pollution Pollution Reduction portfolio power generation power sector PP Present Value price floor Reducing Emissions regional emissions Regional Greenhouse Gas Initiative Renewable Energy renewable energy sources scenarios Secondary Markets Securities SF6 SO2 Soil Carbon Streams Sulfur sulfur dioxide Sulfur Hexafluoride surface temperature sustainable development sustainable forest sustainable forest management total cap total emissions total greenhouse total greenhouse gas trade system trading programs transaction costs transport sector UNEP urban forestry Voluntary Emissions Wind Wind Power WMO Linacre, Nicholas Kossoy, Alexandre Ambrosi, Philippe State and Trends of the Carbon Market 2011 |
| description |
After five consecutive years of robust growth, the total value of the global carbon market stalled at $142 billion. Suffering from the lack of post-2012 regulatory clarity, the value of the primary Clean Development Mechanism (CDM) market fell by double-digits for the third year in a row, ending lower than it was in 2005, the first year of the Kyoto protocol. The Assigned Amount Unit (AAU) and the United States Regional Greenhouse Gas Initiative (RGGI) markets shrank as well. As these segments declined, the dominance of the European Union Allowances (EUAs) market became more pronounced than ever and the share of the carbon market primarily driven by the EU Emissions Trading Scheme (EU ETS) rose to 97 percent, dwarfing the remaining segments of the market. The carbon market growth halted at a particularly inopportune time: 2010 proved to be the hottest on record, while emission levels continued their seemingly inexorable rise. In the end, however, the year may be remembered most for the political opportunities that arose, yet were ultimately failed to materialize in the United States, Japan, Australia, and the Republic of Korea. While the international regulatory environment remains uncertain, national and local initiatives have noticeably picked up and may offer the potential to collectively overcome the international regulatory gap. These initiatives signal that, one way or another, solutions that address the climate challenge will emerge. |
| format |
Publications & Research :: Working Paper |
| author |
Linacre, Nicholas Kossoy, Alexandre Ambrosi, Philippe |
| author_facet |
Linacre, Nicholas Kossoy, Alexandre Ambrosi, Philippe |
| author_sort |
Linacre, Nicholas |
| title |
State and Trends of the Carbon Market 2011 |
| title_short |
State and Trends of the Carbon Market 2011 |
| title_full |
State and Trends of the Carbon Market 2011 |
| title_fullStr |
State and Trends of the Carbon Market 2011 |
| title_full_unstemmed |
State and Trends of the Carbon Market 2011 |
| title_sort |
state and trends of the carbon market 2011 |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://hdl.handle.net/10986/13400 |
| _version_ |
1764423433742974976 |
| spelling |
okr-10986-134002021-04-23T14:03:08Z State and Trends of the Carbon Market 2011 Linacre, Nicholas Kossoy, Alexandre Ambrosi, Philippe abatement acid adaptation activities Air Allocation Allowance allowance prices allowance trading amount of emissions annual emission annual emissions anthropogenic emission atmosphere auction business as usual scenario cap and trade systems CARB Carbon carbon assets Carbon Capture carbon content Carbon Credit Carbon Dioxide Carbon Dioxide Equivalent carbon economy carbon exchanges Carbon Finance carbon funds carbon Investment carbon leakage Carbon Market Carbon Market Analyst carbon market development carbon markets carbon offsets Carbon Price carbon sinks carbon tax carbon taxes carbon transactions Carbon Units Carbon_Market carbon_price Certified Emission Reduction Certified Emission Reductions CH4 Clean Air Clean Air Act Clean Development Clean Development Mechanism clean energy Climate Climate Action Climate Change climate change impact Climate Change Levy Climate Change Policies Climate Exchange climate legislation climate policy Co CO2 Coal Coal Mine colors combating climate change conservation of forests convergence cropland management Debt developed countries Dioxide Carbon DNA domestic emissions domestic offsets Ecosystem electricity electricity generation electricity sector Emission emission allowances emission levels emission limitation Emission Reduction emission reduction commitments emission reduction programs Emission Reduction Project Emission Reduction Purchase Agreement emission reduction target emission reduction targets Emission Reduction Unit Emission Reduction Units Emission Reductions emission standards emission targets emission trading emission] allowances Emissions emissions from aviation Emissions from Deforestation emissions intensity emissions reduction emissions reductions Energy Efficiency energy efficiency measures energy policies Energy Savings energy security environmental environmental benefits Environmental Improvement environmental integrity Environmental Protection Expenditures financial flows Financial Instruments financial support Forest forest carbon forest cover Forest Degradation Forestry forestry operations forestry projects Framework Convention on Climate Change Free allocation freeze fuels GHG global carbon market global emission global emissions Global Warming Greenhouse Greenhouse Gas greenhouse gas emission greenhouse gas emission reduction greenhouse gas emissions Greenhouse Gas Reduction greenhouse gas reduction target Greenhouse Gases Hydrochlorofluorocarbon impacts of climate change international carbon market international climate change regime International Credits international offsets investment decisions Land Management Land Use Land Use Change Landfill Landfill Gas Low-carbon market mechanism Market Prices Methane Mitigation Actions Monetary Fund N2O National Climate Change Policy national forestry natural gas negative impacts Nitrous Oxide NOX nuclear energy ODS offset credits Offset Prices oil oxides ozone particulates pastures Perfluorocarbon policy makers Pollution Pollution Reduction portfolio power generation power sector PP Present Value price floor Reducing Emissions regional emissions Regional Greenhouse Gas Initiative Renewable Energy renewable energy sources scenarios Secondary Markets Securities SF6 SO2 Soil Carbon Streams Sulfur sulfur dioxide Sulfur Hexafluoride surface temperature sustainable development sustainable forest sustainable forest management total cap total emissions total greenhouse total greenhouse gas trade system trading programs transaction costs transport sector UNEP urban forestry Voluntary Emissions Wind Wind Power WMO After five consecutive years of robust growth, the total value of the global carbon market stalled at $142 billion. Suffering from the lack of post-2012 regulatory clarity, the value of the primary Clean Development Mechanism (CDM) market fell by double-digits for the third year in a row, ending lower than it was in 2005, the first year of the Kyoto protocol. The Assigned Amount Unit (AAU) and the United States Regional Greenhouse Gas Initiative (RGGI) markets shrank as well. As these segments declined, the dominance of the European Union Allowances (EUAs) market became more pronounced than ever and the share of the carbon market primarily driven by the EU Emissions Trading Scheme (EU ETS) rose to 97 percent, dwarfing the remaining segments of the market. The carbon market growth halted at a particularly inopportune time: 2010 proved to be the hottest on record, while emission levels continued their seemingly inexorable rise. In the end, however, the year may be remembered most for the political opportunities that arose, yet were ultimately failed to materialize in the United States, Japan, Australia, and the Republic of Korea. While the international regulatory environment remains uncertain, national and local initiatives have noticeably picked up and may offer the potential to collectively overcome the international regulatory gap. These initiatives signal that, one way or another, solutions that address the climate challenge will emerge. 2013-05-14T15:15:41Z 2013-05-14T15:15:41Z 2011-06 http://hdl.handle.net/10986/13400 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research |